Libya reopens Al-Bayda oilfield

  Libya has restarted the eastern al-Bayda oilfield, a field engineer said late on Tuesday, the latest operation in the so-called Oil Crescent region to resume work after heavy fighting in June. The field has a current capacity of…

Libya, UAE to cooperate in oil sector

The Libyan National Oil Corporation (NOC) chairman  Mustafa Sanallah met with His Excellency Dr Sultan Ahmed Al Jaber, United Arab Emirates Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC) in London…

Eni to acquire 42.5% of BP’s stake in Libya

Italy’s ENI (ENI.MI) is set to acquire a 42.5 percent stake in BP’s (BP.L) Libya acreage, according to a statement on Monday. The two companies, along with state-owned National Oil Corp, signed a letter of intent in London on Monday…

Russia and Libya discuss oil exploration work

The CEO of the Russian exploration company Rosgeologia (Rosgeo), Roman Panov, discussed with Mustafa Sanallah, the head of the Libyan National Oil Corporation (NOC), the conduction of exploration works in Libya, the Russian company said in…

Libya’s NOC dismisses Audit Bureau report as false

National Oil Corporation (NOC) has today issued its official response to the false claims made in a report by the Audit Bureau (AB) regarding its operations and staff.  The corporation expressed surprise and frustration at the…

Libya’s oil production highest since 2013, NOC chief says

Libya’s oil production climbed to the highest since 2013 and can go even higher if security at the nation’s energy facilities can be improved, according to the chairman of the state-run National Oil Corporation. Output was recently…

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